Indian Oil Q4 Review - Retain Sell On Weak Result Post 100% Rally YoY: Nirmal Bang

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Indian Oil Corporation Ltd. Q4 FY24 standalone revenue at Rs 1,979.78 billion missed our estimate by 5.0% and beat street estimate by 3.3%. Profit after tax at Rs 48.37 billion was 46.5% below our estimate.Gross margin at 13% missed our estimate by 81 bps. Contribution at Rs 257.56 billion was a miss of 10.5% versus our estimate.Gross refining margins at $ 8.4/barrel of oil was a 17.3% miss versus our estimate. Refining throughput at 18.3 million tonnes was a 1.2% miss; Petroleum volume at 22.79 million tonnes was a 4% miss. MS sales volume was up 5.6% YoY while high speed diesel sales volume was down 4.8% YoY.Ebitda margin at 5.3% was a miss of 243 basis points while Ebitda at Rs 104.98 billion was a miss of 34.8% versus our estimate due to higher employee costs and other expenses. Employee expenses/other expenses were higher than our estimate by 14.4%/21.7%..Click on the attachment to read the full report:.Shoppers Stop Q4 Review - Soft Earnings Continues; Focusing On Beauty, Intune: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Indian Oil Q4 Review - Retain Sell On Weak Result Post 100% Rally YoY: Nirmal Bang

Gross margin at 13% missed our estimate by 81 bps.

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Indian Oil Q4 Review - Retain Sell On Weak Result Post 100% Rally YoY: Nirmal Bang

Gross margin at 13% missed our estimate by 81 bps.

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